Ethereum Price Eyes $2,350 Support After $110M ETF Outflows

The Ethereum price continued to struggle at levels around $2,400 on October 23, when US spot Ether funds withdrew $110.6 million. In addition, a long-term investor also liquidated 3,000 ETH, and the planned Glamsterdam testnet upgrade was delayed due to possible smart-contract compatibility problems. The Ethereum price traded at levels around $2,410 in an October 23 market update, with daily trading volumes at around $11.65 billion. The cryptocurrency continued to trade below $2,500 after falling back from higher levels seen earlier in October. The market is also trading below its monthly opening level at $2,685. The recent effort to break $2,500 came as part of an overall October drop. Also Read: Ripple BLOOM Initiative Expands as Malaysia and Thailand Join Singapore The Ethereum price dropped along with investment products.

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